Crypto

Cardless, a credit card platform allowing companies to design and launch branded credit cards in-house, announced the close of a $60 million Series C funding round led by Spark Capital. The post Coinbase & Bilt Partnerships Propel Cardless to $60M Series C, Aiming to Transform Credit Card Industry appeared first on Cryptonews.

Ethereum treasury firm BitMine Immersion now holds over $10 billion in ETH, or 2% of the total supply, following its latest buy.

Social interest in Bitcoin crashes, and Wedson predicts retail excitement will return only through emerging altcoin rallies.

The Bitcoin treasury firm had been trading at a discount to its Bitcoin holdings.

Top ETH treasury BitMine Immersion Technologies announced $365 million in new funding and revealed it now holds 2.416 million ETH — over 2% of the total supply. BitMine Immersion Technologies, a crypto treasury company focused on Bitcoin and Ether, says it controls more than 2% of Ether’s total supply after amassing 2.4 million ETH. The company disclosed Monday that its Ether (ETH) holdings are valued at about $10.1 billion, making it the largest corporate ETH treasury worldwide. It also announced a new fundraising initiative aimed at pushing its reserves even higher. BitMine reported that it acquired ETH at an average price of nearly $4,500, about 7.25% above the current market price of $4,200. Read more

BitMine disclosed holdings of 2.4 million ETH and raised $365 million in a premium stock sale, highlighting investor demand for ether exposure through public markets.

Asset manager Strive has reached an agreement to purchase Bitcoin-focused Semler Scientific in a fully equity-based rather than cash-based deal. Under the terms announced Sept. 22, each Semler Scientific share will convert into 21.05 Strive Class A common shares, valuing the target at $90.52 per share. That price represents a premium of more than 200% […] The post Strive bets $675 million to acquire Bitcoin treasury company at 200% premium to stock price appeared first on CryptoSlate.

Solana falls 7% after testing $250 resistance; traders eye $223 support for possible rebound to $240–$245.

Bitcoin and Ethereum ETFs surged on Fed optimism but the funds faced a Monday reality check as liquidations hit $1.7 billion.

The move will unlock new commerce use cases, particularly in emerging markets where dollar-based payments have the biggest impact.

The market capitalization of the meme coin niche dipped by 10% in a single day.

Strive, Inc. has entered into a definitive agreement to acquire healthcare infrastructure firm Semler Scientific, Inc. in an all-stock transaction that aims to reshape the landscape of corporate bitcoin treasury strategies.  The post Strive and Semler Scientific to Merge in All-Stock Deal, Creating Bitcoin Treasury Powerhouse appeared first on Cryptonews.

Shares in Bitcoin treasury firm Strategy are down after it purchased around $100 million worth of BTC, pushing its holdings to $72 billion.

AgriFORCE plans to buy up Avalanche (AVAX), and investors are apparently loving the Bitcoin miner’s pivot.

Reports say teenage hackers breached an employee account in 2023, exposing limited user data but no customer funds.

Stable, a Bitfinex-backed blockchain linked to Tether, announced PayPal Ventures’ support to bring the PayPal USD stablecoin onto its network. Stable, an institutional-grade stablecoin blockchain backed by cryptocurrency exchange Bitfinex, is integrating a stablecoin built by major online payment platform PayPal. PayPal Ventures has made a strategic investment in Stable to bring PayPal USD (PYUSD) stablecoin onto the Stablechain, according to an announcement by Stable on Monday. “This work with Stable reflects our commitment to expanding PYUSD’s utility across multiple blockchain ecosystems and driving adoption,” PYUSD ecosystem head David Weber said, highlighting Stable’s focus on fast and seamless financial transactions. Read more

The Maelstrom CIO claims he offloaded his HYPE bag to fund the purchase of anew Ferrari, even as his firm warns of billions in new token supply hitting the market.

XRP’s bearish chart pattern signalled a possible price correction toward $2, but analysts were still convinced of a continued uptrend to double-digits. Key takeaways: XRP price hinges on $2.75 support, risking a drop toward $2.07. Rising NUPL signals increased profit-taking, hinting $3.18 was the local top. Read more

Pi Network blends free mobile mining, referral rewards and social hype. Despite delays, centralization and a 90% price drop, it still attracts millions. Despite years of delays, opaque operations and widespread skepticism, Pi Network still commands a near cult-like following. Critics, however, have called the project “money-minded,” citing its reliance on in-app ads, referral-driven growth and centralized control of tokens. Some even allege that its Know Your Customer (KYC) requirements could allow the monetization of user data. Read more

The rollout comes ahead of Plasma’s mainnet beta launch on September 25.